Friday, July 13, 2012

Highly anticipated Khazanah-Temasek project breaks ground

The Marina Bay district will witness a new addition to its skyline in 2017 with the completion of the S$7 billion Marina One (pictured), a project by M+S Pte Ltd that broke ground yesterday.

The project is one of two developments by M+S, a 60:40 joint venture (JV) between Khazanah Nasional and Temasek Holdings, which will be undertaken as part of the land swap deal between Malaysia and Singapore.



“In line with the URA’s (Urban Redevelopment Authority) long term vision, Marina One will be an integrated development that marries commerce, premier residential living and exciting retail lifestyles in the Marina Bay district,” said Tan Sri Azman Yahya, Chairman of M+S.

Marina One will comprise four buildings — two 30-storey office towers and two 34-storey residential towers. Linking the buildings is a garden right at the heart of the project.

Upon completion, Marina One will have a gross floor area (GFA) of 341,000 sq m and will be “eventually linked” to the upcoming Downtown MRT stations and Marina Bay.

Office units will take up 60 percent of the GFA, residential space will account for 35 percent, while the remaining five percent will be devoted to retail outlets.

“We are confident that this landmark development will play a prominent role in attracting international MNCs and talent to Singapore, and become the gravitational epicentre of Singapore's new CBD,” said Azman.

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